This is an educational idea that represents the types of corrections that the triangular marking makes, either bearish or bullish depending on the trend. This can go a long way in various markets so that you can identify where the market is likely to go.
Both holding & not holding don't make sense. Definitions: - Holding = try to hit "homeruns" every time - Not holding = snatching profits at target (not before, that's just being a huge noob) Assume winners 5 times bigger than losers on average: 5R. And the winrate is of 20%. So that's a PF of 1.25, all good. To keep it simple there is no trailing until...
"Losing is the part of the game." - said the loser and kept losing. Are you a loser? Or do you open your mind? Losers lose because they BELIEVE in their loss. They refuse to comprehend reality. In reality, you can't learn from failures. A loss is a loss. Nothing more. In truth, you can learn only from successes. But what if you only lost so far? Good news: It...
Candlestick Strength Meter Look for this at the key level.
The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies,often referred to as a basket of U.S. trade partners' currencies. DXY can be used for defining current tendency in the US Dollar and finding trading signals on Forex. The Index goes up when...
I am writing this idea to document my learnings in wave analysis. Your thoughts and comments on this document are welcomed for discussion. Identification of waves and wave patterns is critical in wave analysis. I have seen that MOMENTUM is a key indicator in wave analysis. There are four main concepts I use in my analysis: 1. Trend – It is defined as the...
Hey traders, There are multiple different ways to measure the strength of the market reversal from a key level: ✔️some traders apply volumes and look for its sudden spike as a confirmation, ✔️some traders rely on some indicators and look for a particular trigger there as the signal, ✔️some traders, like me, follow the candlesticks and make their judgments...
1. Wait for the candle break the trendline and draw square at the candle with the whole body before bearish engulfing. 2. Wait for retracement and rejection inside the square. 3. Wait for rejection candle have been break and wait for retracement. 4. The candle have been break the retracement and put your entry when the candle have been done. Warning : Dont...
How to Use RSI (Relative Strength Index): It is also scaled from 0 to 100. Typically, readings of 30 or lower indicate oversold market conditions and an increase in the possibility of price strengthening (going up). Some traders interpret that an oversold currency pair is an indication that the falling trend is likely to reverse, which means it’s an opportunity...
It can be seen that a harmonic 5-0 made in 30 min time frame which was a bullish 5-0 pattern, failing to sustain at the support .50 retracement a plunge in price action seen which was too fast like the previous example where it becomes extremely difficult to react so fast to decide except to book a loss as fast as possible. it is requested to you all who are...
What is the 5-0 harmonic pattern? Just as it is with the shark pattern, the 5-0 harmonic pattern is a relatively new pattern. Carney discovered it and wrote about this pattern in the second book in his harmonic series, ‘Harmonic Trading: Volume Two’. The 5-0 pattern is easily one of the wonkiest looking patterns. Depending on the amount of knowledge you have...
Breaking Down Charts (Will Set You Free) Need you to understand what candlesticks are telling you, what big banks are telling you (they leave their footprints): The follow seven numbers on chart, I see quickly to understand the mood of the pair and direction: 1) Down trend happened end of Tokyo and beginning of London Session (more liquidity and volume) 2)...
What is a good stock analysis and how it should look like you would like to follow the expert who created that analysis? How to find a good one? The more followers, ideas, likes or rating points an expert has on trading analysis platform? How about a number of ideas? If you do some work, you can start badly but with each day, your experience increases, and in...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Today's video will be about the Candlestick Chart : Reversal Patterns. So lets start by talking about the different types of Patterns : Bullish Reversal Patterns ...
What do you see on attached one hour EurAud price action? (you should write down your answers to as many as you can)-Commonsense Here are some questions to ask yourself? (Yes, there are other questions to answer) - its the only way to trade Forex for the long term. 1) Any sideways price action? 2) Any downward price action? 3) Any upward price action? 4) What...
From this chart, can be found that Bullish Shark Within Bullish Channel. This one of example for Bullish Retracement Patterns within Bullish Trend Channels shown in Harmonic Trading: Volume Two, Page 124 until Page 126 written by Scott M Carney. Bullish Harmonic Pattern in Bullish Channel or Ascending Channel may indicate continuation pattern in Channel or rather...
what i project next week move is for EURGBP to make short term pullback and continue with it's down trend.. for more analysis join free setups daily
Elliott Waves (How To Trade): Rules and Guidelines Rule 1: Wave 3 Is Never the Shortest This rule means that Wave 3 is always longer than at least one of the other two waves (Waves 1 or 2). Usually, Wave 3 is longer than both these waves. You should never look for Wave 3 to be shorter than both the other two waves. At times, Wave 3 may end up to be equal in...